Having your brokerage account titled in your trust allows the trustee to take action on the assets in the trust. You might be incapacitated for a substantial period of time without having passed away. If the assets are in your trust, your successor trustee can use the assets for your benefit or however you have spelled out in your trust. Your beneficiary designation only comes into play after your death, so if you are incapacitated but not dead, without something like a conservator action no one could use the assets in your regular brokerage account for your benefit.
Since you already have a revocable living trust and probably had a reason for doing so, I see no downside for putting your brokerage account into your existing revocable living trust.
Since you already have a revocable living trust and probably had a reason for doing so, I see no downside for putting your brokerage account into your existing revocable living trust.
Statistics: Posted by cadreamer2015 — Sat Jun 22, 2024 7:13 am — Replies 8 — Views 590